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Last modified on July 20th, 2018 4:06 am

USD to NZD – New Zealand Dollar to US Dollar

When converting New Zealand dollars (NZD) to United States dollars (USD), or USD to NZD, with Direct FX, you will save a significant amount of money. Our wholesale currency exchange rates for money transfers are significantly more competitive than bank foreign exchange rates. Being Australasian based, we specialise in knowing what drives NZD/USD currency conversion rates.

The US is New Zealand’s second largest export market and third in import terms. This had made the NZD to USD exchange rate a focus of our money transfer team for many years. The NZD/USD exchange rate can be volatile at times, especially during peaks and troughs of the cash rate cycles. The NZD is considered a “growth” currency, and the USD a “safe haven” currency. Our team will help you interpret market conditions when you make your currency transfer.

Historical Ranges: 1 year 5 years 10 years
NZD/USD .6817 – .7484 .6072 – .8834 .4893 – .8841

Current Official Cash Rates:
Reserve Bank of New Zealand (RBNZ): 1.75%         US Federal Reserve (FED): 1.75% to 2.00%

We provide insight into the NZ dollar and US dollar currency pair by reporting trends, market news and providing relative currency charts.

View NZDUSD charts

Currently sitting back around 0.6745 after a choppy week ranging between 0.6839-0.6712. The New Zealand dollar (NZD) had trouble at the plus 0.6800 levels earlier in the week and we look for consolidation around current levels to end the week. From a fundamental perspective, we continue to favour the downside, especially if USD strength is maintained, with a break of 0.6720 targeting the 0.6685 level initially. Conversely a push over 0.6860 would negate this view and expose 0.6920 highs last seen in June.

Exchange Rates

The current interbank midrate is:NZDUSD 0.63720
The interbank range this week has been:NZDUSD 0.6712 – 0.6839

View NZDUSD charts

Currently at 0.6775, the NZD has appeared little affected by the weaker than expected Q2 CPI figure of 0.4% (0.5% forecast), after initially dipping to 0.6753 on its release. Given the softer data yesterday from China the NZD still looks vulnerable and we continue to favour the downside over the coming week. Upside moves should be limited by the 0.6800 level over the next day or so, with any offshore USD strength pressuring the 0.6720 support level.

Exchange Rates
Current Level: 0.6779
Resistance: 0.6860
Support: 0.6720
Last Week’s Range:  0.6726 – 0.6857

View NZDUSD charts

Currently at 0.6772 the NZD has climbed back from lows at the 0.6750 level earlier in the week, mainly on a delayed response from China on the increase of items under tariffs announced on Wednesday…a break of 0.6750 would likely see a run back to the 0.6680/85 level seen at the beginning of the month… a push over 0.6860 would target 06920, but we maintain our bias for the downside.

Exchange Rates
The current interbank midrate is:NZDUSD 0.6778
The interbank range this week has been:NZDUSD 0.6749- 0.6858

View NZDUSD charts

The NZD has enjoyed rally against the USD over the last few days as USD bulls take a breather and risk appetite has increased….currently sitting around 0.6844 with first resistance at 0.6860 and with little in the way of local economic data to drive the kiwi higher, look for direction to come from offshore…a break of 0.6920 would signal further gains but we view this as unlikely. A fall below 0.6750 would target previous lows around 0.6685/90.

Exchange Rates
Current Level: 0.6849
Resistance: 0.6920
Support: 0.6770
Lsat Week’s Range: 0.6688 – 0.6858

View NZDUSD charts

Risk products are all higher overnight, the DOW and Nasdaq up over 0.6% as trade war concerns die down. The New Zealand Dollar (NZD) has continued its bull run this week against the US Dollar (USD) to trade at 0.6790 from the low seen Monday of 0.6690. D Day July 7th is upon us, when the first round of US tariffs – 50B in Chinese goods comes into effect. China has vowed to respond with retaliatory tariffs but Donald Trump has stated he will hike the tariffs to include 200B worth of Chinese goods if they do. If this heat up we could see another round of risk averse sentiment stalling the kiwi dragging it back to its lows. Non-Farm Payroll is Friday with markets expecting the number of new employed people to be a little lighter than June 2 figures.

Exchange Rates

The current interbank midrate is:NZDUSD 0.6791
The interbank range this week has been:NZDUSD 0.6688- 0.6802

View NZDUSD charts

The New Zealand Dollar (NZD) extends its five week decline bumping against 0.6690 with the US Dollar (USD) Wednesday after worse than expected NZ Business confidence and Global Dairy Auction results hinder the kiwi’s progress. We saw a small spike higher to 0.6780 late last week as we commented could happen but the kiwi has remained heavy in a market buying the safer greenback. A bounce higher to 0.6760 looks to be temporary with a break above 0.6780 needed to confirm any such moves north. Today is a US holiday- Independence Day which should add increased volatility to currencies with investors and market players being thin. Non-Farm Payroll is Friday with markets expecting the number of new employed people to be a little lighter than June 2 figures.

Exchange Rates
Current Level: 0.6763
Resistance: 0.6830
Support: 0.6680
Last Week’s Range: 0.6688-0.6832

View NZDUSD charts

The New Zealand Dollar (NZD) has remained heavy over the week against the US Dollar (USD) travelling to a low of 0.6745 in a market which has bought volumes of USD. Solid support of 0.6850 and 0.6820 were easily broken as the kiwi made fresh lows.  Donald Trump added more twists and turns in the ongoing trade war, largely the market investors has purchased the greenback across the board while risk currencies like the kiwi have been forgotten. Locally ANZ Business confidence and a dovish RBNZ statement has not helped the NZD. The RBNZ cash rate announcement showed no surprises with markets generally expecting a dovish statement with the rate remaining unchanged at 1.75%. Adrian Orr hinted the economy could be operating at slightly slower than anticipated at this stage of the year. With a quiet calendar next week for the NZD price movement will be massively driven by the slew of US based economic data to publish including Non-Farm Payroll and Unemployment figures which traditionally shift the markets in large chunks. Buyers of USD should buy on spikes, problem is we have not really seen any this week, the only positive is that the pair has levelled out around 0.6740, perhaps poised for a small rebound higher.

Exchange Rates
The current interbank midrate is:NZDUSD 0.6762
The interbank range this week has been:NZDUSD 0.6737 – 0.6922

View NZDUSD charts

Risk sentiment in the markets is subdued still with the New Zealand Dollar (NZD) easing lower from the weekly open against the US Dollar (USD). President Trump has continued with the trade tariff speak attacking China again saying he would stop Chinese technology companies from investing in US based companies. He also Tweeted that any country with unfair tariffs on US made products should be removed immediately or face a stern response from US policy makers. The New Zealand Dollar (NZD) is currently trading around 0.6890 and looks remarkably stable heading into the RBNZ cash rate announcement and statement this Thursday. We are expecting comments by Adrian Orr to be dovish based on recent local data and will no doubt highlight the low inflation environment indicating rates won’t be lifted any time soon. Buyers of USD should look at spikes above 0.6850

Exchange Rates
Current level: 0.6897
Resistance: 0.6920
Support: 0.6820
Last Week’s Range: 0.6826 – 0.6944

View NZDUSD charts

Markets remained risk averse until Thursday, the New Zealand Dollar (NZD) rebounding off 0.6830 against the US Dollar. NZ quarterly GDP released at the expected 0.5% but year on year the figure has fallen slightly to 2.7% from 2.9%. This triggered a delayed sell off in the kiwi as it battled to stay above key long term support of 0.6820. US home sales printed weaker at 5.43M with 5.52M expected assisting the kiwi to rebound off 0.6825 higher. Further trade discussions are still on everyone’s minds as markets await the next move between Donald Trump and China with what will be levied next, for now investors take a well earned breather. Buyers of the greenback (USD) should consider the overnight spike back to 0.6870 as we see further downside in store for the NZD.

Exchange Rates

The current interbank midrate is:NZDUSD 0.6875
The interbank range this week has been:NZDUSD 0.6826- 0.6959

View NZDUSD charts

Markets have entered the week risk averse with the New Zealand Dollar (NZD) taking a hit early to 0.6920 against the safe haven of the US Dollar (USD). Key support is at 0.6850 and then 0.6820 representing long term level support of the low going back to May 2016. We have bounced off this mark several times since so we expect this to hold for the meantime.  Trade tensions have reared its ugly head again with President Trump signalling further tariffs against Chinese imported products with China retaliated slamming tariffs on American made products. We will hear more about this at the end of the week with President Trump winding into it saying he will instigate more tariffs soon. Key data this week for the kiwi will be quarterly GDP Thursday with the number expected to represent a slight slowing in the NZ economy at 0.5%. 0.7400 still represents the top of the long term range but further downside is expected.

Exchange Rates
Current Level: 0.6936
Resistance: 0.6900
Support: 0.6970
Last Week’s Range: 0.6921-0.7053

View NZDUSD charts

US Retail Sales and Unemployment claims both printed better than markets were expecting at 0.8% versus 0.4% and 218k over 223k boosting the US Dollar across the board. FOMC as expected raised their cash rate to 2.00% from 1.75% and hinted at a possible two further hikes in 2018. Risk in the markets also took a hit with the ECB (European Central Bank) startling markets with dovish comments instead of the upbeat rhetoric we were expecting. This dropped the EUR to fresh lows and dampened any appetite for investors to take on risk. The rot may have set in with markets realising the US Dollar (USD) is undervalued, we think risk lies to the downside with massive support at 0.6850. Next week’s quarterly Gross Domestic product (GDP) may hold the answer as to midterm direction, the RBNZ will be praying for a result better than the expected 0.6% from March 2018.

Exchange Rates
The current interbank midrate is:NZDUSD 0.6954
The interbank range this week has been:NZDUSD 0.6948 – 0.7054

View NZDUSD charts

The New Zealand Dollar (NZD) continues to trade within the tight range band of 0.7050 and 0.7000 key support this month. Markets will lack any conviction today with the Singapore summit in place and FOMC meetings later this week. We will see if the NZD has the appetite to break from its theme and develop fresh momentum in any direction. Risk appetite will certainly be the main driver. Its widely expected the FOMC will raise rates on Thursday morning with the talking point being if they will raise the stakes and talk of a 4th hike in 2018. The fear is that if they raise rates to fast this could raise the risk of the economy falling back into a recession. If inflation goes higher the Federal Reserve might look to tighten up credit at the detriment of rising growth – a fine line. Buyers of USD have recently seen prices dip well below 0.7000 to 0.6850, with the pair now back over 0.7000 we suggest levels around here won’t last and the kiwi will continue its path lower for reasons stated above.

Exchange Rates
Current Level: 0.6999
Resistance:0.7060
Support: 0.7000
Last Week’s Range: 0.6999 – 0.7060

View NZDUSD charts

Currencies have moved in strange ways this week with markets lacking any real fundamental analysis to grab hold of. The New Zealand Dollar (NZD) has been no exception with no-one at the wheel. The NZD has slipped back against the USD to 0.7030 after starting the week well pushing through 0.7000 to post a high Wednesday of 0.7060. ISM manufacturing boosted the USD when figures published at 58.6 as opposed to 57.9. The G7 meeting will take centre stage today with tariffs the main point of discussion. Macron the French President has called on other G7 members to “confront” Donald Trump on unfair tariff threats. Technically the kiwi is trading in a bullish trend from the low of 0.6860 and looks to edge higher in the coming days especially if further risk is seen.

Exchange Rates
The current interbank midrate is:NZDUSD 0.7020
The interbank range this week has been:NZDUSD 0.6966- 0.7060

View NZDUSD charts

The New Zealand Dollar (NZD) has rallied hard off the low of 0.6880 against the US Dollar (USD) with markets taking on more risk. Geopolitical issues were put aside with equities and commodities all higher towards the end of the week and flowing over into this week with the NZD opening higher. The kiwi is up sharply pushing through the magical handle of 0.7000 to 0.7045 at the close of the NY session Monday. A relatively quiet week on the calendar for the kiwi with just the Global Dairy Auction (GDT). We could see further volatility with the ongoing “trade war” if things spark up as risk averse markets could return and the NZD could take on losses. With the kiwi above 0.7000 buying levels this could be a good opportunity to fill your boots.

Exchange Rates

The current interbank midrate is:NZDUSD 0.7034
The interbank range this week has been:NZDUSD 0.6884- 0.7048

View NZDUSD charts

The New Zealand Financial Stability report was announced this week with the outcome being NZ is “sound and efficient”. After initially dipping down to 0.6880 against the US Dollar (USD) in risk averse conditions the kiwi rebounded to a high overnight Thursday to 0.7020 with more risk returning to currency markets. A bunch of US data has been released overnight including Personal Consumption Expenditure and Personal Spending, both printing better than expectation and erasing early week nervousness. We should see further upside in the pair as we think risk products will be favored in the short term. The kiwi is bang on 0.7000 currently with a good chance we should see the overnight top of 0.7720 broken before the weekend. Markets await the pivotal US Non-Farm payroll figures tonight.

Exchange Rates

The current interbank midrate is:NZDUSD 0.7010
The interbank range this week has been:NZDUSD 0.6880- 0.7020

View NZDUSD charts

The New Zealand Dollar (NZD) continued to push higher off the low of 0.6850 from 16th May against a recently stronger US Dollar (USD). The kiwi has been choppy but resilient against the favoured US Dollar (USD) as markets have largely chosen to stay clear of risk products such as the NZD with geopolitical uncertainties. In-fact one could argue the NZD has no right trading where it is – 0.6940. Trade Balance figures printing much higher than predicted late last week have carried the support for the kiwi into this week. The RBNZ financial stability report is released Wednesday by Adrian Orr, we expect a hawkish approach to ongoing monetary policy. Buyers of US Dollars should look for a spike above 0.6950

Exchange Rates

Current Level: 0.6930

Resistance: 0.6970

Support: 0.6858

Last Week’s Range: 0.6889 – 0.6973

View NZDUSD charts

Risk sentiment in the markets have driven a lot of the movement in currencies this week with the kiwi no exception bouncing like a fart in a spacesuit. Early in the week we saw markets take on risk products as the kiwi took on 0.7000 reaching 0.6970 but was sold off just as quick when President Trump suggested the crucial meeting set in place between him and Kim Jong Un may not take place. Trump’s letter to Kim Jong Un has upset him threatening with a “nuclear to nuclear showdown” with the US. For buyers out there looking at the right time to buy USD we see strong support around 0.6850 levels with prospects of a rise in the kiwi next week if Trump news settles.

Exchange Rates

The current interbank midrate is:NZDUSD 0.6932
The interbank range this week has been:NZDUSD 0.6881- 0.6973

View NZDUSD charts

The New Zealand Dollar (NZD) dipped 50 points on the weekly open versus the US Dollar (USD), after NZ retail sales printed worse than expected at 0.1% based on expectations of 1.0%. The trade tariff war of words has been halted as the US and China work on a big picture deal. US Secretary Steven Mnuchin said the US trade war with China is “on hold”. Risk returned back into the markets Monday as investors started buying back NZD and other risk associated products sending the kiwi into positive territory to 0.6950. Massive resistance is still seen at 0.7000 with downward momentum widely expected to continue back through the 0.68’s at some stage. A busy week on the calendar with US FOMC meeting minutes Thursday and Federal Reserve Powell speaking. Buyers of US Dollar (USD) should consider levels around 0.6950 as we expect further declines to follow.

Exchange Rates

Current Level:0.6950

Resistance: 0.7000

Support: 0.6860

Last Week’s Range: 0.6852-0.6958

View NZDUSD charts

The New Zealand Dollar (NZD) traded to a low of 0.6852 midweek against the US Dollar (USD), with investors less likely to take on risk currencies this continues to drag the NZD lower. The New Zealand Budget was seen to be very positive for NZ with a bunch of additional government spending on the horizon, the news took the NZD to 0.6940 before falling back. Equities were all down during the overnight sessions Thursday as the USD marched remained in favour. The number of US citizens filing for unemployment was higher than the predicted 216k at 222k but with President Trump making threats to Kim Jong Un to “make a deal” regarding his nuclear weapons programme we have seen buyers staying in the safer greenback.

Exchange Rates

The current interbank midrate is:NZDUSD 0.6884

The interbank range this week has been:NZDUSD 0.6852 – 0.6987

View NZDUSD charts

The New Zealand Dollar (NZD) bounced off the low of 0.6900 midweek after the RBNZ left the benchmark rate unchanged at 1.75%, the US Dollar has outperformed across the board. The kiwi bounced back late Friday to 0.6960 where it closed. The US Dollar has continued its rally across the board Tuesday with the market being risk averse. President Trump exiting from the Iran deal has opened up talks on new sanctions with fresh risk of further conflict in the Middle East with a lack of stability there. A quiet week for the kiwi in terms of local data apart from the Annual Budget, a slew of US based releases should create volatility towards the end of the week with building permits and unemployment claims

Exchange Rates

Current Level: 0.6905

Resistance: 0.7000

Support:0.6825

Last Week’s Range: 0.6903 – 0.7031

View NZDUSD charts

The New Zealand Dollar (NZD) continued its slide against the more dominant US Dollar (USD) falling back to trade post RBNZ announcement to 0.6900. Prior to the RBNZ Cash rate announcement the kiwi was at 0.6980. Donald Trump has followed through with his earlier threats to pull out from the Iran nuclear deal and the US Treasury Department has announced a new round of sanctions on Iran. Treasury Mnuchin said in a statement that the US was intent on cutting off IRFF Islamic Revolutionary Guard Corps revenue streams wherever their source and whatever their destination. The New Zealand Dollar (NZD) may continue to remain under pressure from Geopolitical tensions. Next week we have a busy week on the calendar with US Retail sales, Building permits and the NZ annual Budget.

Exchange Rates

The current interbank midrate is:NZDUSD 0.6959

The interbank range this week has been:NZDUSD 0.6903 – 0.7052

View NZDUSD charts

The New Zealand dollar (NZD) remains stuck in a range against the US Dollar (USD) between the recent high of 0.7050 and the low of 0.6985. Activity in the pair has been light over the last few days with the RBNZ cash rate announcement looming Thursday. Currently trading at 0.7025 a lack of US data over the week should see limited movement. President Trump is due to speak again over the Iran Nuclear deal Wednesday which could be interesting as he is inclined to change or scrap the deal altogether. Abandoning the deal is widely expected to be a “historic mistake” with risk sentiment hanging in the balance. As we have said 0.7000 is acting as staunch support for the kiwi with as it has bounced from this level over 5 times in the month of May.

Exchange Rates

Current Level: 0.7105

Resistance: 0.7050

Support: 0.7000

Last Week’s Range: 0.6986 – 0.7052

View NZDUSD charts

The New Zealand Dollar (NZD) bottomed out at 0.7000 Thursday against the US Dollar (USD) dipping several times below the psychological support level but remains staunch. Starting the week around 0.7100 it has continued to lose favour over a buoyant USD. Data out in the US has been well above expectation with US Private Payroll data adding 240,000 workers and the Federal Reserve reconfirming inflation targets for the next few months. Technically from here all eyes will be on the Non-farm Payroll numbers out Saturday morning, with numbers expected to be positive we may see the kiwi in the 69’s and back at December 2017 levels.

Exchange Rates

The current interbank midrate is:NZDUSD 0.7040

The interbank range this week has been:NZDUSD 0.6986 – 0.7096

View NZDUSD charts

The United States dollar (USD) has continued to reign supreme this week driving the New Zealand dollar (NZD) to the lowest level since January. There is minor support down toward 0.7000, but if we see the NZD below that level the market will quickly target the 0.6800 area. While we remain bearish on the NZD, the easy work has now been done and declines from here will be much harder fought. We may well see the NZD find some support soon and enter a period of ranging, before the downside price action eventually reasserts itself. US GDP data tonight will be key, and then next week from NZ we have business confidence data, the unemployment rate and another dairy auction.

Exchange Rates

Current Level:0.7034

Resistance: 0.7180

Support: 0.7000

Last Week’s Range: 0.7031 – 0.7132

View NZDUSD charts

The United States dollar (USD) has continued to reign supreme this week driving the New Zealand dollar (NZD) to the lowest level since January. There is minor support down toward 0.7000, but if we see the NZD below that level the market will quickly target the 0.6800 area. While we remain bearish on the NZD, the easy work has now been done and declines from here will be much harder fought. We may well see the NZD find some support soon and enter a period of ranging, before the downside price action eventually reasserts itself. US GDP data tonight will be key, and then next week from NZ we have business confidence data, the unemployment rate and another dairy auction.

Exchange Rates

The current interbank midrate is:NZDUSD 0.7061

The interbank range this week has been:NZDUSD 0.7056 – 0.7270

View NZDUSD charts

The New Zealand dollar (NZD) was under pressure from resurgent United States dollar (USD) all last week. From a high at the beginning of the week of 0.7372, the NZD was pressured relentlessly to close the week out close to its low of 0.7199. Although USD gains were broad based, the NZD certainly underperformed losing ground on a number of other crosses as well. In the past 12 hours the USD has made further gains pushing the NZD down below support around 0.7180 to a fresh 2018 low at 0.7146. Momentum is firmly to the down side and this move may well look to test 0.7000 over the coming weeks. With little on the local economic calendar, attention will turn to offshore releases, particularly Core Durable Goods orders and US Advance GDP toward the end of the week.

Exchange Rates

Current Level: 0.7153

Resistance:0.7180

Support: 0.7000

Last Week’s Range: 0.7146 – 0.7372

View NZDUSD charts

The New Zealand Dollar (NZD) has sunk to last week’s opening price of 0.7265 against the US Dollar (NZD). Risk has engulfed markets again with investors reaching for safe haven trades as bears take charge. The mixed US company earnings results shook equities with the NZ Dollar declining. This could be an ongoing theme as we approach tighter global liquidity with mixed worldwide growth making for higher volatility. Long term the pair is still operating within a range band we have mentioned previously between the low of 0.7190 and 0.7400 the high. It looks like we are going to test the lower end of the range. We have a quiet week ahead with no significant local data releasing other than Trade Balance. Expect movement to be driven by offshore factors.

Exchange Rates

The current interbank midrate is:NZDUSD 0.7250

The interbank range this week has been:NZDUSD 0.7241 – 0.7395

View NZDUSD charts

The New Zealand Dollar (NZD) dropped lower off Friday’s high of 0.7375 to close the week against the US Dollar (USD) at 0.7350 in a shaken market. Investors turned to risk aversion late in the week after missile strikes on Syria became a reality, UK, France and the US destroying a number of chemical facilities. A quiet week for data in New Zealand with only the Global Dairy Auction (GDT) Wednesday and quarterly CPI Thursday. Farmers will be expecting another strong number in the Whole Milk Powder despite continued weakening prices in the main index since 21 February. Indications are still to the upside for the New Zealand Dollar (NZD) with the 40 day moving average still showing a possible rise back to 0.7400.

Exchange Rates

Current Level:0.7355

Resistance: 0.7430

Support:0.7320

Last Week’s Range:0.7324  – 0.7395

View NZDUSD charts

The New Zealand Dollar (NZD) has extended its uptrend against the US Dollar (USD) trading to 0.7390 before dropping back to 0.7375 Friday. The markets were positive Wednesday driving risk currencies higher after the US President tweeted he would never stipulated when an attack on Syria would happen suggesting it could be soon or never. Markets saw this as the ticket to buy risk currencies with the New Zealand continuing to outperform. Further moves north should not be ruled out with the resistance of 0.7420 in jeopardy along with the July 2017 high of 0.7555. Indicators mostly point to the upside with the 40 day moving average below current price and the RSI in an overbought region. Next week we have crucial quarterly CPI numbers with the last quarter printing down on expectation.

Exchange Rates

The current interbank midrate is:NZDUSD 0.7372

The interbank range this week has been:NZDUSD 0.7244- 0.7390

View NZDUSD charts

The New Zealand Dollar (NZD) made further ground against the US Dollar (USD) as it has been one of the best performing currencies over the last few days. Rallying to a new high of 0.7320 Monday on renewed enthusiasm for trade talks to soften, the market bought risk products and the New Zealand Dollar (NZD). Commodities and equities were also up, the DOW and Nasdaq both over 0.2% higher on the day. The US Dollar index fall under 90.00 to 89.83. US Core CPI and a FOMC meeting are later in the week and should shake up prospects of the NZD going higher with NZ business confidence to also publish. The NZD bounced off resistance at 0.7320 suggesting the market is not quite ready for the NZD to appreciate further against the US Dollar (USD). With support seen around 0.7300 in the short term it will be interesting to see if this holds. The upper band of 0.7400 is still the aim and could be tested if trade negotiations are resolved amicably.

Exchange Rates

Current Level:0.7325

Resistance: 0.7244

Support:0.7352

Last Week’s Range:0.7216 – 0.7332

View NZDUSD charts

The New Zealand Dollar (NZD) rallied to 0.7320 earlier in the week against the US Dollar (USD) after equities and commodity markets all turned positive. The US Dollar (USD) not fearing well, after being sold off across the board. US ADP data printed better than the expected 208k to 241k boosting the USD Thursday and sending the NZD back to 0.7250. Trade war tensions continue with China, President Trump fired back at China’s plans to dominate “technologies” proposing tariffs on 1,300 specific goods. As the threats continue, markets generally remain of the opinion that the US cannot win a trade war against China, with most eventualities leaving the US with negative consequences.
The NZD/USD is still trading within its 3 month band of 0.7190 – 0.7400. US Non-Farm Payroll is published tonight and is widely expected to be positive. Investors buying USD should keep an eye on the 0.7190 support level over the next week.

Exchange Rates

The current interbank midrate is:NZDUSD 0.7260

The interbank range this week has been:NZDUSD 0.7196- 0.7322

View NZDUSD charts

The New Zealand Dollar (NZD) was rejected from 0.7300 early last week to be sold off in risk off markets down to 0.7180 against the US Dollar (USD). With little local data to be excited about or boost the kiwi, markets have watched as equities and commodities have traded lower pre, and post, Easter break with news of further US and China trade talks negatively impacting optimism. US ISM Manufacturing has printed worse than expected at 59.3 as opposed to 60.1 and had a benign effect on prices Monday. US Non-Farm Payroll is set to publish later in the week, markets most important announcement of the month, if it prints better than the expected 190k as it did last month this could bring some much needed stability back to markets. The pair could test 0.7150 this week as it trades well under the 50 days moving average and most vitally if trade wars don’t significantly improve.

Exchange Rates

Current Level: 0.7210

Resistance: 0.7300

Support:0.7158

Last Week’s Range: 0.7189 – 0.7297

View NZDUSD charts

The New Zealand Dollar (NZD) has reversed sharply off its last week’s low of 0.7150 against the US Dollar bouncing higher on risk appetite to 0.7290. US Talks with China have gone from insulting to productive Tuesday as US Secretary Mnuchin said “we are cautiously hopeful” an agreement can be reached. US Equities have rallied off lows, the DOW up over 2% overnight alone, shaking off the prior day’s hangover. New Zealand Trade Balance figures came out yesterday at 217M also contributing to the surging kiwi Dollar (NZD) , as it eyes 0.7350 the previous high of 13 March.

Exchange Rates

Current Level: 0.7290

Resistance: 0.7410

Support:0.7150

Last Week’s Range: 0.7155 – 0.7303

View NZDUSD charts

The New Zealand Dollar (NZD) has continued to trade lower over the week against the US Dollar (USD) dropping to 0.7150, an early January 2018 low. The Fed Rate announcement took the kiwi back to 0.7230 after the Fed announced a rate hike taking the benchmark cash rate to 1.75% from 1.5%.  Powell remained neutral in his Fed speech on monetary policy but hinted of a hawkish stance ahead saying they would aggressively hike rates as they needed to through to 2020. Consolidating around the 0.7230 we cannot see the kiwi making a push higher to last week’s level of 0.7340 rather, further weakness is still expected over the coming days with a possibility of 0.7150 being again tested.  

Exchange Rates

The current interbank midrate is:NZDUSD 0.7230

The interbank range this week has been:NZDUSD 0.7155- 0.7263

View NZDUSD charts

The New Zealand Dollar (NZD) broke lower back through 0.7300 late last week and traveled to a low of 0.7195 overnight. Softer US data bought risk aversion back to currency markets Friday with further talks of trade tariffs and general political uncertainties. The big question is- is this the turning point for the New Zealand Dollar (NZD)? As we head into a busy week of monetary policy with the RBNZ and the Federal Reserve to release Cash Rate numbers, perhaps market participants have finally worked out that the NZD is overvalued. We shall see come Friday if a bounce back to 0.7350 is on the cards, downside momentum through 0.7200 support could spell trouble for the New Zealand Dollar (NZD) with the previous low of 0.6780 15th November closer to home than it looks.

Exchange Rates

Current Level: 0.7245

Resistance: 0.7195

Support:0.7330

Lsat Week’s Range: 0.7196 – 0.7354

View NZDUSD charts

The New Zealand Dollar (NZD) medium term trend remains range bound against the greenback (USD), although some weakness in the past 12 hours has seen the pair off the best levels of the week. This morning’s Business Manufacturing Index came in a touch below the prior number, adding some further near term pressure to the local currency but key support is not far away. The New Zealand Dollar (NZD) is extremely reluctant to trade at lower levels, the support zone of 0.7180 to 0.7200 has held since early February. It would take an extremely risk adverse market or an unfortunate sequence of local or offshore news for the New Zealand Dollar (NZD) to be thrust below this key level. When the Fed hike rates 0.25% on March 22 we may start to see the market factor in NZD downside?

Exchange Rates

The current interbank midrate is: NZDUSD 0.7255

The interbank range this week has been: NZDUSD 0.7250 – 0.7354

View NZDUSD charts

The New Zealand Dollar (NZD) gained further support over the later stages of the week extending gains over the US Dollar (USD) to 0.7310, where it currently sits. A break higher may see the NZD take a peek at the 0.7430 band, the pre July 2017 level. US Non-Farm Payroll printed well creating risk appetite with investors the NZD receiving full benefit as buyers purchased NZD into the tail end of the US session. Equities were also higher with the DOW up over 1.5% at the close. The New Zealand Dollar movement this week could be largely governed by investor risk appetite and continuing tariff negotiations.

Exchange Rates

Current Level:0.7304 

Resistance: 0.7320

Support: 0.7245

Last Week’s Range: 0.7231 – 0.7323

View NZDUSD charts

The New Zealand Dollar (NZD) climbed to 0.7310 vs the United States Dollar (USD) midweek as news that North Korea are believed to be interested in talks about giving up Nuclear Weapons and normalizing relations with the US. The New Zealand Dollar spiked to a monthly high as markets turned to risk on and bought the NZD. Little local data suggests movement will be guided by US based markets. Non- Farm Payroll at the end of the week will impact movement as it always does, figures slightly better than February 3rd are expected at 201,000 new people added to the workforce. Buyers of USD Dollars should not overlook prices north of 0.7200 as monetary policy tightens around the globe the kiwi may struggle to retain current levels.

Exchange Rates

The current interbank midrate is:NZDUSD 0.7257

The interbank range this week has been:NZDUSD 0.7204 – 0.7310

View NZDUSD charts

The New Zealand Dollar (NZD) has traded lower against the US Dollar (USD). Opening the week at 0.7240 it was immediately under pressure falling away to a low of 0.7200 during early sessions. We have another Global Dairy Auction tonight, with the last average price of -0.5% (Feb 21), markets will be expecting a strong number to match the previous 3 going back to December last year. US ISM Manufacturing was slightly above the number expected early Tuesday and pushed the kiwi back towards the earlier low. Non-farm payroll figures will be the highlight of the week Friday and will be crucial for the US economy to keep its momentum and offer an early sign of further US rate hikes. Buyers of the US Dollar (USD) will should consider levels above 0.7200 with volatility expected closing the week.

Exchange Rates

Current Level: 0.7235

Resistance:0.7280

Support: 0.7204

Last Week’s Range:0.7187 – 0.7301

View NZDUSD charts

The New Zealand Dollar (NZD) has lost support against the US Dollar (USD) sliding to a low of 0.7180 late during the US trading session Friday. ANZ Business was underwhelming and offered no reprieve. Then US President Trump spoke of approving tariffs on the imports of steel and aluminum into the US and sank the greenback. In the process the NZD/USD traded higher to 0.7260. New Zealand Building consents for new homes were flat for January showing approvals at a modest 0.2%. Looking ahead locally next week we have another global Dairy Auction (GDT Price Index) Wednesday, with -0.5% on February 21st markets are expecting something better.

Exchange Rates

The current interbank midrate is:NZDUSD 0.7264

The interbank range this week has been:NZDUSD 0.7187 – 0.7344

View NZDUSD charts

The New Zealand Dollar (NZD) drifted lower late last week to a low of 0.7270 against the United States dollar (USD) during the NY session. Friday’s Retail Sales for December was positive with 1.7% as opposed to 1.4% expectation. This pushed buyers into NZD for a while before NZD succumbed to US strength closing the week at 0.7292, 80 points lower than the Monday open. This week sees a bunch of economic data to be released globally with only ANZ Business Confidence of note locally.

 

Exchange Rates

Current Level: 0.7295 

Resistance: 0.7345

Support: 0.7260

Last Week’s Range:0.7271 – 0.7382

View NZDUSD charts

The New Zealand Dollar (NZD) posted further losses against the US Dollar (USD) as speculation the US economy could be building on growth faster than previously thought. FOMC minutes cautioned an imbalance in financial markets may emerge as the economy starts to operate above its expected potential. The New Zealand Dollar trades at 0.7320 well lower than previous week high of 0.7435 in a market environment where we are seeing a lot of head scratching going on. Support is now seen at 0.7250. This is seen as the 50% retracement of the previous range suggesting we could see a reversal bounce higher. NZ retail Sales print Friday could be the support the New Zealand Dollar (NZD) needs.

 

Exchange Rates

The current interbank midrate is:NZDUSD 0.7341

The interbank range this week has been:NZDUSD 0.7308 – 0.7435

View NZDUSD charts

The New Zealand Dollar has out-muscled the US Dollar again over the last few days. Remaining at near 6 month highs it remains popular through most trading sessions as investors remain optimistic. Late Friday saw a slight return to normality after the US Building Permits came in better than expected dropping the kiwi back half a cent to trade around 0.7400 the figure at the NY close to the week. Momentum is still seen to the upside for the NZD with Global Dairy Trade Auctions (GDT) tonight expected to be positive for dairy Farmers and give the kiwi further support leading into the Retail Sales Friday. Buyers of USD should consider at current levels with markets still volatile, anything could eventuate.

Exchange Rates

Current Level: 0.7370

Resistance: 0.7409

Support:0.7350

Last Week’s Range: 0.7247 – 0.7435

View NZDUSD charts

The New Zealand Dollar (NZD) opened the week trading at 0.7240 and has appreciated against the US Dollar (USD) improving on better than expected NZ inflation expectations and a terrible midweek US Retail number. From 0.7400 Friday the New Zealand Dollar may look to retest 0.7555 high of July 2017 as it seems it will take material influence to knock the kiwi off its lofty throne in the near term. With momentum extremely strong amid a risk on market, short term resistance of 0.7420 is key. Buyers of the US Dollars could think about buying at these levels with uncertainty still in the air prices around 0.7350 are historically very good.

 

NZD/USD Exchange Rates

The current interbank midrate is:NZDUSD 0.7405

The interbank range this week has been:NZDUSD 0.7199 – 0.7411

View NZDUSD charts

The New Zealand dollar (NZD) closed the week higher against the United States dollar (USD), well up on the midweek low of 0.7180 and pushing as high as 0.7270 post Monday’s open. Looking fairly robust as always it should continue to appreciate back to early Feb highs of 0.7400 as risk on becomes the flavor. Friday’s NZ Retail figures will be key to this. The other release to keep an eye on this week will be US inflation which hits the wires on Wednesday night. A strong US inflation result will push US interest rates higher again, which could easily spark another wobble in the equity markets and result in another wave of “risk off” sentiment in currencies.

NZD/USD Exchange Rates

Current Level: 0.7259

Support: 0.7200

Resistance:0.7260

Last Week’s Range:0.7178 – 0.7349

View NZDUSD charts

The New Zealand Dollar (NZD) edged higher Wednesday to post a high of 0.7350 before being sold off in all trading sessions. The RBNZ statement Thursday offered little upside for the NZD reaching a fresh low of 0.7200 as investors sold the NZD. With the kiwi trading at a monthly low we look for next week’s quarterly inflation expectations to provide further support back above 0.7300.  Medium term support still sits at 0.7200 being the 50% retracement of the previous low of 0.6800.

NZD/USD Exchange Rates

The current interbank midrate is:NZDUSD 0.7224

The interbank range this week has been:NZDUSD 0.7178 – 0.7405

View NZDUSD charts

The New Zealand dollar (NZD) has wilted in the post NFP USD rally and opens this morning around 0.7285. It’s hard to see it being sold down too far ahead of tomorrow’s dairy auction and then Thursday’s RBNZ statement. The pressure is now on the NZD as USD data continues to be solid and US rate hike expectations increase for perhaps 4 rises over the year. Light trading to feature over the next two days and we expect 0.7250 to hold any declines in the short term. We remain NZD bearish against the United States Dollar (NZD/USD).

NZD/USD Exchange Rates

Current Level: 0.7292

Support:  0.7120

Resistance: 0.7420

Last Week’s Range: 0.7279 – 0.7402

View NZDUSD charts

The New Zealand dollar (NZD) continues to box above its weight against the United States dollar (USD), spiking to 0.7418 overnight. It is now back at 0.7371 and looks well supported. There is no main data out for the NZD until next week when we will have another global dairy auction, employment data and the RBNZ announcement. Until then the NZD will be driven by offshore forces, current high NZD levels look increasingly stretched.

 

NZD/USD Exchange Rates

The current interbank midrate is:NZDUSD 0.7375

The interbank range this week has been:NZDUSD 0.7281 – 0.7393

View NZDUSD charts

The 0.7300 support level remains a pivotal level for the New Zealand dollar (NZD) to hold. This week with little local data, it will be all about offshore movements and with plenty of headlines out from the US this week has potential to be volatile. We expect consolidation trading ahead of the Fed meeting at current levels but any breakdown through 0.7300 would likely quickly extend to the 0.7250 region for the NZD/USD cross.

Exchange Rates

Current level: 0.7334

Support:0.7300

Resistance:0.7350

Last Week’s Range: 0.7292 – 0.7434

View NZDUSD charts

The NZD was on a tear this week rallying to a high of 0.7434, the highest level since September 2017. However, it was knocked back yesterday by CPI data that fell well below expectations, dropping to the 0.7336 level. Overnight the NZD has retreated further after President Trump’s comments on a stronger USD saw the Greenback rally, pushing the NZD back to the 0.7324 region. The 0.7300 support is now critical, a break of this level would see a run to 0.7250 and below. With NZ fundamentals on the turn, low inflation, dropping business confidence levels pitted against a US economy that is accelerating and at least 3 Fed rate hikes now probable over the next year, current NZD levels look unsustainable.

Exchange Rates

The current interbank midrate is:NZDUSD 0.7338

The interbank range this week has been:NZDUSD 0.7269 – 0.7434

View NZDUSD charts

The New Zealand dollar (NZD) continues to hold above 0.7300 and is now building a more solid base with the weaker US tone on the US government shutdown helping. We remain sceptical that fundamentals will remain supportive, but at the moment the trend for the NZD/USD is up. A break over 0.7340 would target 0.7355 but any snap-back in the USD as next month’s Fed rate decision approaches will knock the NZD. Current levels look attractive for sellers of NZD.

Exchange Rates

Current Level: 0.7317

Support: 0.7150

Resistance: 0.7340

Last Week’s Range: 0.7236 – 0.7331

View NZDUSD charts

The New Zealand dollar (NZD) is still trying to breathe the rarified air above the 0.7300 level against the United States dollar (USD) where it looks as if it is now gasping for air. Over the last 3 days each high has been lower than the last, 0.7329,0.7319,0.7310. The better Global Dairy auction result was supportive but this effect looks as if it is now wearing off. If a US shutdown can be averted, look for the NZD to feel the heat into next week, in which case 0.7150 beckons.

Exchange Rates

The current interbank midrate is:  NZDUSD 0.7295

The interbank range this week has been: NZDUSD 0.7220 – 0.7331

View NZDUSD charts

The New Zealand dollar (NZD) is on a tear against the USD, reaching an overnight high of 0.7313 the highest level since the end of September 2017. It is now back a little at 0.7290, immediate resistance is 0.7326 then 0.7360. The NZD remains bullish as the weaker USD tone persists, but NZD values look overextended at these levels and the Global Dairy auction results overnight may be pivotal, as if prices follow-on from last fortnight’s increase, look for the NZD to extend gains, however if prices resume to their previous slide this may be provide a catalyst for profit taking.

Exchange Rates

Current Level: 0.7304

Support: 0.7150

Resistance: 0.7360

Last Week’s Range: 0.7142 – 0.7307

View NZDUSD charts

The New Zealand dollar (NZD) has forged higher over the last few days on the back of a stronger AUD and weaker USD. After opening the week around the 0.7140 the NZD/USD is currently trading up at 0.7270 and although looks to be overbought on very thin underlying fundamentals, the breach of the 0.7245/50 level now targets 0.7300. Immediate support is at 0.7240/45 a break of which would run to the 0.7200 region. Given further US Fed rate hikes are anticipated and in the absence of stronger domestic NZ fundamentals, current levels for sellers of NZD look attractive. Tonight’s US CPI and retail has the power to influence current levels.

Exchange Rates

The current interbank midrate is:NZDUSD 0.7256

The interbank range this week has been:NZDUSD 0.7142 – 0.7276

View NZDUSD charts

The New Zealand dollar (NZD) continues to hold onto most of its previous gains against the United States dollar (USD). The NZD/USD is currently trading around 0.7175 and although the USD was stronger overnight we still favour a squeeze to test 0.7200 over the next day or so. There remains strong resistance at the 0.7200 level, but a close over 0.7200 would then target 0.7230/40.

Exchange Rates

Current Level: 0.7176

Support: 0.7050

Resistance: 0.7230

Last Week’s Range: 0.7075 – 0.7187

View NZDUSD charts

The New Zealand dollar (NZD) has been making solid gains against the United States dollar (USD) since early December. Those gains have continued over the Christmas and NY period despite a run of strong US economic releases that one might have suspected would support the USD. The general theme of the past couple of weeks has been broad based USD weakness, and we saw another bout of that last night. It’s hard to point a finger at anything in particular that is driving the move, and as such caution is warranted when looking for NZD/USD upside targets. It wouldn’t take much to turn the pair around and tonight we have the all-important monthly US employment report. That report may well make or break the current NZDUSD rally. As has been the case recently, it may well be the wage growth numbers that carry more weight than the headline jobs figure. There is solid resistance around the 0.7200 area which we suspect that will cap the gains ahead of the employment report.

Exchange Rates

The current interbank midrate is: NZDUSD 0.7154

The interbank range this week has been: NZDUSD 0.7072 – 0.7163

View NZDUSD charts

The New Zealand dollar (NZD) has made solid gains against the United States dollar (USD) over the course of December. The move extended this week as commodity currencies lead the gains against a broadly weaker USD. The NZD has traded to a high so far of 0.7099, and there is little to indicate the rally is over. Key trend support is now seen at 0.7045 and while the NZD holds above that level the risks remains skewed to the topside.

 Exchange Rates

The current interbank midrate is: NZDUSD 0.7087

The interbank range this week has been: NZDUSD 0.7004 – 0.7099

View NZDUSD charts

The New Zealand (NZD) ends a week of choppy trading. Now sitting around the 0.7019 against the USD after being buffeted by the increased trade deficit and lower prices at the Global Dairy auction, with support coming in from the better GDP result. Given that the US tax legislation the NZD/USD has proved very resilient. Immediate resistance is now at 0.7030 which if broken could see a move back to test 0.7050. Support is at 0.7000 then 0.698.

Exchange Rates

Support: 0.6920

Resistance: 0.7030

View NZDUSD charts

Market volumes in the New Zealand (NZD) are starting to decrease as the holiday’s approach. After a high against the United States dollar (USD) of 0.7032 the NZD has drifted lower and now stands at 0.7003. Risk overnight is the Global Dairy auction result which if bad could see the NZD slip back into the 0.6975 zone. A stronger USD if the tax legislation is passed by the US Congress would increase downward pressure on the NZD. Tomorrows net migration, trade balance and the current account deficit are all due at 10:45am. For now upside looks capped at the 0.7020 level with the downside favoured.

Exchange Rates

Current Level: 0.7009

Support: 0.6920

Resistance: 0.7030

Last Week’s Range: 0.6916 – 0.7034

View NZDUSD charts

After several days of stellar gains where the New Zealand dollar (NZD) traded up to a high of 0.7026 against the United States dollar (USD) the NZD was knocked lower overnight on better USD data and profit taking as it started to look overextended. We now look for consolidation around the 0.6950 – 0.7000 level over the next week before another push back towards the 0.7020 level providing the USD remains subdued . However next week will see market volumes decrease as the holiday season kicks in.

Exchange Rates

The current interbank midrate is: NZDUSD 0.6984

The interbank range this week has been: NZDUSD 0.6823 – 0.7027

View NZDUSD charts

The New Zealand (NZD) began this week down at 0.6833 against the United States dollar (USD) after being dragged down by the poorly performing Australian dollar (AUD) towards the end of last week. After the news of the new Reserve Bank of New Zealand (RBNZ) Governor the NZD went on a tear, rallying hard to a high of 0.6928. There was little reason for such a bounce but it looks as if the market was a little short the NZD and this little bounce caused short sellers to liquidate their positions, exacerbating the move higher. Immediate resistance is now at 0.6944, with next stop at 0.6950 before 0.7000, but it is hard to see this NZD rally pushing on too hard, ahead of the US Fed meeting. Those looking to purchase USD should take advantage of the period of NZD strength.

Exchange Rates

Current Level: 0.6910

Support: 0.6820

Resistance: 0.6950 

Last week’s Range: 0.6823 – 0.6930

View NZDUSD charts

Lacklustre week for the NZD as has been dragged lower against the USD by the very average AUD…a solid US Non-farm payroll figure would likely push the NZD through support at 0.6820 into the 0.6750/85 region..

Exchange Rates

 Support: 0.6820

Resistance: 0.6920 


The NZD/USD was knocked around by yesterday’s business confidence figure dropping from 0.6887 to 0.6828 , now at 0.6838. This seems to be holding and resisted being sold below 0.6815 overnight. Holding around current levels would establish a good base to move higher next week into the 0.6850/90 region.

The current interbank midrate is: NZDUSD 0.6828

The interbank range this week has been: NZDUSD 0.6815-0.6945


View NZDUSD charts

The New Zealand dollar (NZD) has enjoyed a gradual trend higher this week against the United States dollar (USD) from a 0.6782 low early in the week. The move has mainly on the back of the weaker USD. The pair is now at 0.6885 looks like it may push onto 0.6900 over the next day or so. It starting to look very much like a cycle low has now been put in place and that should keep the focus on further gains in the NZD/USD.

The current interbank midrate is: NZDUSD 0.6880

The interbank range this week has been: NZDUSD 0.6782-0.6905


View NZDUSD charts

This mornings release of the Federal Open Market Committee’s (FOMC) minutes from it’s latest meeting have caused some USD weakness. There was a slight dovish overtone to the minutes which have raised a few doubts about a Fed interest rate hike in December, and that’s weighed on the USD. For what it’s worth, we still believe a December hike is very likely but the Fed could easily decide to hit the pause button after that. As a result of the United States dollar weakness the NZD/USD has climbed up to the 0.6880 area and it looks like it will try to head higher still. It’s starting to look like the pair may have made a cycle low late last week just under 0.6800, and a sustained move about 0.6880 would cement that view. We favour the NZDUSD heading higher over the coming days. Those looking to convert USD to NZD should consider trading sooner rather than later.

Last week’s range: 0.6782 – 0.6918


View NZDUSD charts

The New Zealand dollar (NZD) is now at 0.6809 against the United States dollar (USD), up from the 0.6779 low seen last Friday, however it looks soft and very susceptible to further USD strength. The NZD/USD seems to be establishing a lower trading range and with little data this week is likely to hold a 0.6780/0.6820 range over the next couple of days.

Current Level: 0.6800

Support: 0.6740

Resistance: 0.6850

Last week’s range: 0.6782 – 0.6918


View NZDUSD charts

The New Zealand dollar (NZD) as drifted lower against the United States dollar (USD) over the week from the 0.6917 high seen on Monday. It is now at 0.6860 and looks soft especially given the stronger USD tone. We feel the pair should hold current levels to end the week, but progress on the US tax reform package next week should keep NZD under pressure. The key level to watch is around 0.6820 in the wholesale market. Any significant break below there would be a bearish signal. If the NZDUSD fails to break below 0.6820 over the coming sessions, a recovery may we’ll develop.

The current interbank migrate is: NZDUSD 0.6879

The interbank range this week has been: NZDUSD 0.6836 – 0.6953


View NZDUSD charts

The New Zealand dollar (NZD) is back at levels seen last week against the United States dollar (USD). It is now at 0.6877 and should trade around current levels ahead of the US CPI and growth data. With the ongoing tax reform issues in the US the NZD should see some buying support, look for consolidation at current levels over the next few days.

Current Level Support Resistance Last week’s range
NZD/USD 0.6867 0.6820 0.6980 0.6862 – 0.6979

View NZDUSD charts

The New Zealand dollar (NZD) having started the week at lows around 0.6874 against the United States dollar (USD) is now back at 0.6942 after yesterday’s less dovish Reserve Bank of New Zealand (RBNZ) statement. Also helping has been the USD pullback on the back of doubts around Trumps tax package. Continued USD weakness may see a move back over 0.7000 next week but with NZ data expected to be softer it will be hard work for the currency to sustain gains much above this level.

Exchange Rates: 

The current interbank midrate is: NZDUSD 0.6950

The interbank range this week has been: NZDUSD 0.6876 – 0.6979

View NZDUSD charts

The New Zealand dollar (NZD) opens higher this morning against the US dollar (USD), helped by the rally in commodity currencies overnight. It now at 0.6945 and looks to have built good support at lower levels but we don’t expect this rally to have “legs’ and extend too far ahead of the RBNZ announcement on Thursday. 0.6980 should hold advances ahead of that meeting. Tonight’s Global Dairy auction may provide a damper.

Current Level Support Resistance Last week’s range
NZD/USD 0.6942 0.6820 0.6980 0.6832 – 0.6956

View NZDUSD charts

The New Zealand dollar (NZD) has remained under pressure all week breaking down through support at 0.6860 last night. While NZD weakness on the back of the Labour coalition announcement is largely now priced into the market, declines in the past 48 hours have been driven by USD strength (NZD/USD). As Trumps tax plan overcomes hurdles, and the chance if it actually been implemented before Christmas increases, the USD is finding support.

The next key level to watch is the low from 11th May at 0.6820. Only time will tell if that can contain the decline, but from our point of view the (NZD/USD) pair has come a long way in a short space of time and it’s starting to look a little oversold. It wouldn’t take much to trigger a corrective bounce. We believe those with USD to convert to NZD should be taking advantage of this weakness.

The current interbank midrate is: NZD/USD 0.6830

The interbank range this week has been: NZD/USD 0.6819 – 0.7004

View NZDUSD charts

The New Zealand dollar (NZD) remains under pressure against the USD. It should consolidate around current levels 0.6850 and we still expect some retracement of previous losses back to the 0.6980-0.7000 level, but will be tough given the US data due this week. A break of 0.6820 would open the door to 0.6775.

Current Level Support Resistance Last week’s range
NZD/USD 0.6851 0.6820 0.6980 0.6819 – 0.6956

View NZDUSD charts

Under pressure all week, the NZD has been breaking down through support at 0.6860 last night. While NZD weakness on the back of the Labour coalition announcement is largely now priced into the market, declines in the past 48 hours have been driven by USD strength. As Trumps tax plan overcomes hurdles, and the chance if it actually been implemented before Christmas increases, the USD is finding support.

The next key level to watch is the low from 11th May at 0.6820. Only time will tell if that can contain the decline, but from our point of view the pair has come a long way in a short space of time and it’s starting to look a little oversold. It wouldn’t take much to trigger a corrective bounce. We believe those with USD to convert to NZD should be taking advantage of this weakness.

The current interbank midrate is: NZD/USD 0.6830

The interbank range this week has been: NZD/USD 0.6819 – 0.7004

View NZDUSD charts

Opening the week marginally softer, the NZD has slipped to 0.7166 yesterday, is now back at 0.7185 but with USD data to be solid, look for a test of 0.7150/0.7130 over the next few days.

Current Level Support Resistance Last week’s range
NZD/USD 0.7179 0.7130 0.7300 0.7167 – 0.7243

View NZDUSD charts

The NZD has been remarkably resilient against the USD over this week. It is now at 0.7215 after low at 0.7165 earlier in the week. The pair should hold the 0.7200-0.7235 range to end this week and start next. The key levels to watch are support around 0.7170 and resistance around 0.7240. A break of either level will likely see the move extend.

The current interbank midrate is:    NZDUSD 0.7210

The interbank range this week has been:    NZDUSD 0.7167 – 0.7344

View NZDUSD charts

Post election, the New Zealand dollar has been relatively subdued after the election produced a clear winner but no clear government. It is now at 0.7240 with tone to the downside on the risk-off tone and concerns around the coalition government. 0.7220-0.7300 should hold over the next couple of days.

Current Level Support Resistance Last week’s range
NZD/USD 0.7241 0.7150 0.7430 0.7252 – 0.7407

View NZDUSD charts

It has been a week of poll driven whippy trading for the New Zealand dollar. It is now at 0.7290 after a high of 0.7431 2 days ago. It should stay around the 0.7270/0.7310 level heading into the weekend, but tomorrow’s result could provide plenty of action on Monday morning. A National win will likely see a small relief rally, while a Labour victory may well spark a sharp correction lower, at least temporarily.

The current interbank midrate is:    NZDUSD 0.7288

The interbank range this week has been:    NZDUSD 0.7229 – 0.7408

View NZDUSD charts

The New Zealand dollar has had a whippy week with a 0.7320-0.7180 range against the USD (NZD/USD). It is now at 0.7225 and becoming very poll driven with only a week out from the election. The downside is still favoured given stronger US data. It should hold at current levels until next week with bias to downside of range.

The current interbank midrate is:    NZDUSD 0.7229

The interbank range this week has been:    NZDUSD 0.7187 – 0.7337

View NZDUSD charts

After spiking to 0.7336 last Friday the New Zealand dollar (NZD) is back at 0.7250 close to the 0.7240 support. Given the stronger USD we look for the NZD to trade in the 0.7240-0.7290 range but with election jitters in the market downside is favored.

Current Level Support Resistance Last week’s range
NZD/USD 0.7232 0.7150 0.7300 0.7164 – 0.7337

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After a tough start to the week the New Zealand dollar is now up at 0.7290 against the USD, mainly on the back of weaker US data. The break above minor resistance around 0.7265/70 opens the way for a push onto 0.7300, but given the looming election hard to see much further progress from this level.
The current interbank midrate is:    NZDUSD 0.7290

The interbank range this week has been:    NZDUSD 0.7143 – 0.7294

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The New Zealand dollar dropped below major support at 0.7180 to trade at a low of 0.7132 against the United States dollar. It has bounced back to 0.7178 currently but looks soft and a solid US jobs figure tonight could see the NZD testing the 0.7132 level again. The 0.7200 level should cap any up moves short term, and we remain bearish for the kiwi heading into next week.
The current interbank midrate is:    NZDUSD 0.7176

The interbank range this week has been:    NZDUSD 0.7133 – 0.7298

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The New Zealand dollar as found its feet against the USD after a tough week last week. It is now at 0.7245 and should hold around current levels ahead of the US data dump in the next few days. Support at 0.7180 is critical to avert sustained moves lower as any break below that level would be a negative signal.

Current Level Support Resistance Last week’s range
NZD/USD 0.7228 0.7180 0.7280 0.7193 – 0.7328

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The New Zealand dollar has been knocked lower against the USD over the week. It is now at 0.7203 but has been to 0.7190 overnight and it continues to look soft. We expect 0.7150 to be tested next week, but a lot will depend on exactly what Fed Chair Yellen says tonight.
The current interbank midrate is:    NZDUSD 0.7215

The interbank range this week has been:    NZDUSD 0.7193 – 0.7337

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The New Zealand dollar has climbed back over 0.7300 against the United States Dollar mainly on the weaker USD. With little domestic data this week, NZD moves will be driven by offshore. With the current weaker US tone and more risk-on appetite we look for the NZD to stay in a 0.7315-0.7360 range for the next few days.

Current Level Support Resistance Last week’s range
NZD/USD 0.7319 0.7250 0.7400 0.7224 – 0.7337

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The New Zealand dollar has been helped by the weaker US CPI but remains susceptible to any further uptick in risk-aversion. It’s now up slightly at 0.7300 USD with support 0.7250 that should hold in the near term. However, any United States dollar strength will test this level and tonight’s US retail sales data may be key in this respect.

Current Level Support Resistance Last week’s range
NZD/USD 0.7306 0.7250 0.7400 0.7252 – 0.7370

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The New Zealand dollar has been knocked by the move to safe-havens and the RBNZ yesterday. It fell below support at 0.7340 to the United States dollar and is now at 0.7274. It should hold above 0.7250 unless tonight’s US data is good and/or the Korean situation deteriorates.
The current interbank midrate is:    NZDUSD 0.7261

The interbank range this week has been:    NZDUSD 0.7252 – 0.7455

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The New Zealand dollar has broken support at 0.7400 against the USD and immediate support at 0.7340 is now close. It should stay around current levels ahead of the RBNZ on Thursday but a break of 0.7340 would open the way to 0.7270/80.

Current Level Support Resistance Last week’s range
NZD/USD 0.7351 0.7340 0.7400 0.7348 – 0.7516

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The New Zealand dollar has continued to soften against the USD over the week. It is now at 0.7432 in flat trading ahead of tonight’s US jobs figure which will be key in determining near term direction. The RBNZ next week should continue with a dovish tone so we see a test of the 0.7400 level over the next few days likely.
The current interbank midrate is:    NZDUSD 0.7429

The interbank range this week has been:    NZDUSD 0.7393 – 0.7524

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The New Zealand dollar continued to surge against the USD for much of this week. Sharp gains were seen in the wake of yesterday’s FOMC statement. The move did look a little overdone yesterday, considering the Fed didn’t deliver any real surprise, and overnight we have seen a decent correction lower. It’s certainly too early to say the tide has turned on this period of USD weakness, but last night’s pull back from the highs does raise that question. If we get a solid US GDP figure tonight, that may well be enough to suggest a medium term high was been put in place yesterday at 0.7556. We look for consolidation around current level ahead of that GDP data.
The current interbank midrate is:    NZDUSD 0.7495

The interbank range this week has been:    NZDUSD 0.7395 – 0.7556

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After failing to make significant gains against a broadly weakening USD in the first half of last week, the New Zealand dollar (NZD) eventually came to the party and jumped to a 10 month high on Friday at 0.7459. Since then the NZD/USD pair has been consolidating those gains trading back for fourth around the 0.7430 area. It may well be trying to build a base for another crack higher toward the 2016 high at 0.7485. I’m not convinced the NZD has the momentum to break above that high, at least not at the moment, so those looking to purchase USD in the near term should take advantage of any further strength we see. A large part of New Zealand dollars recent rally has been on the back of a broadly weakening United States dollar. Political paralysis in Washington has played a big part in driving the USD’s decline, and for tide to really turn on this move the market is going to need to believe the Trump administration can get some of its key policies passed into law. This week from the US we have the FOMC statement, which shouldn’t provide and major surprises, along with along with Durable Goods order and Advance GDP.

Current Level Support Resistance Last week’s range
NZD/USD 0.7437 0.7375 0.7485 0.7268 – 0.7459

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For much of this week the New Zealand dollar (NZD) struggled around the 0.7350 area, failing to make any real gains against the USD that was seeing across the board pressure. Tuesday’s soft NZ inflation result certainly played its part in keeping the NZD contained, but in the past 24 hours the local currency has shaken off the disappointing data and surged through to the highest level since August 2016. It really has all been about USD weakness with the political situation meaning it’s looking less and less likely the Trump administration will be able to get its “reflation” policies enacted. This latest jump higher in the NZD has now bought the August 2016 high of 0.7485 into range and the market may well look to target that over the coming sessions. Expect significant resistance as we approach that level however, and those looking to purchase United States Dollars should take advantage of this period of strength.
The current interbank midrate is:    NZD/USD 0.7402

The interbank range this week has been:    NZD/USD 0.7268 – 0.7414

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After failing to make significant gains against a broadly weakening USD in the first half of last week, the New Zealand dollar eventually came to the party and jumped to 10 month highs on Friday at 0.7459. Since then the pair has been consolidating those gains trading back for fourth around the 0.7430 area. It may well be trying to build a base for another crack higher toward the 2016 high at 0.7485. I’m not convinced the NZD has the momentum to break above that high, at least not at the moment, so those looking to purchase USD in the near term should take advantage of any further strength we see. A large part of New Zealand dollars recent rally has been on the back of a broadly weakening United States dollar. Political paralysis in Washington has played a big part in driving the USD’s decline, and for tide to really turn on this move the market is going to need to believe the Trump administration can get some of its key policies passed into law. This week from the US we have the FOMC statement, which shouldn’t provide and major surprises, along with along with Durable Goods order and Advance GDP.

Current Level Support Resistance Last week’s range
NZD/USD 0.7437 0.7375 0.7485 0.7268 – 0.7459

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The New Zealand dollar has been trapped in an increasingly tight range against the United States dollar over the past few weeks. Even Friday’s key US employment data couldn’t break the deadlock. Support comes in around 0.7250 with topside resistance around 0.7340, and these two levels have contained the pair for much of the past three weeks. Last night’s range was a decidedly anaemic 19 points! Although further attempts to rally can’t be ruled out, our view is that the greater risk is a significant pullback toward the 0.7000 area. At this stage however it’s hard to see what exactly could trigger that. In the meantime, those looking to purchase USD should take advantage of the current level, or any potential further strength we may see.

Current Level Support Resistance Last week’s range
NZD/USD 0.7251 0.7250 0.7340 0.7245 – 0.7310

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The New Zealand dollar continues to struggle to hold levels above 0.7300. Now around 0.7286 and a move to 0.7250 beckons unless tonight’s US jobs data surprises.
The current interbank midrate is:    NZDUSD 0.7286

The interbank range this week has been:    NZDUSD 0.7245 – 0.7345

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The New Zealand dollar seems to find the air over 0.7300 too thin to breath. Now at 0.7275, but given stronger USD data, the NZD ‘s golden run may be over for a while. It looks like 0.7250 beckons.

Current Level Support Resistance Last week’s range
NZD/USD 0.7280 0.7250 0.7325 0.7255 – 0.7345

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The New Zealand dollar has struggled this week and in spite of the solid fundamentals continuing it looks a little out of breath above the 0.7300 level. It is now at 0.7315 but next week’s US data will provide a challenge. Look for rallies to continue to run into willing sellers.
The current interbank midrate is:    NZD/USD 0.7320

The interbank range this week has been:    NZD/USD 0.7255 – 0.7341